1/66 Power Street, Hawthorn VIC 3122
1/66 Power Street, Hawthorn VIC 3122
Spacious 3/2/2 townhouse format | Tightly held low-density complex | Scarce dual parking in inner Hawthorn | Stable owner-occupier building | Strong family and downsizer appeal
The 3-bedroom, 2-bathroom, 2-car configuration is genuinely uncommon in this pocket of Hawthorn, where much of the unit stock leans toward 1–2 bedroom apartments with single parking. This townhouse offers near-house proportions with the convenience of low-maintenance living, placing it in a narrow segment that appeals to downsizers seeking space without land upkeep, professional couples wanting room for a home office, and small families prioritising school proximity. The complex itself, with just three townhouses and one house, supports a quiet, private feel that larger developments cannot match, and the long average owner-occupier tenure of over 18 years signals a building people stay in—a strong indicator of livability and neighbourhood satisfaction. For a buyer wanting inner-east access with practical space and parking, this property sits at a competitive advantage.
Value may be shaped by the property’s internal condition and presentation, which cannot be confirmed from available data, and by how the townhouse’s orientation and natural light perform in practice. The 2024 sale of the identical configuration in the same complex at $1.12M provides a solid reference point, though differences in renovation level and upkeep between the two units could justify a meaningful gap. Buyers should weigh the scarcity of this format against any need for updating, as the price band will likely hinge on whether the interior matches the strong structural and locational fundamentals. The absence of recent comparable sales in the immediate building means the 2024 figure carries significant weight in expectation-setting.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/66 Power Street, Hawthorn VIC 3122
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
URL has been copied successfully!
Market Insight
Hawthorn remains a premium inner-east Melbourne market, with median house prices around $2.8–2.9 million and units near $558,000–580,000. Demand is driven by affluent professionals and families in finance, tech, and medicine, plus downsizers and university-linked investors. House price trends are mixed: recent annual changes range from -8.0% to +9%, reflecting rate sensitivity and volatility, while units are flat to slightly negative (-2.0% to 0%). Houses sell in 33–42 days. House rents vary widely ($695–$950/week) but units are stable around $550/week, with gross yields of 1.78% for houses and 4.97–5.1% for units. Connectivity via train, tram, Monash and Eastern Freeways, school catchments including Hawthorn Secondary and Auburn South Primary, and proximity to hospitals and universities support demand. However, entry prices above $2.8m limit buyer depth, heritage overlays restrict supply, and premium mortgages raise sensitivity to interest rates.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 2/66 Power Street sold $1.12M Sep 2024; 3/66 Power Street sold $550K Sep 2005 | Property Price Band: $1.1M–$1.2M | Value Drivers: condition and renovation level, dual parking scarcity, low-density complex character
Bedrooms
3
Bathroom
2
Parking
1
Land
293m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!